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Total overdue tax obligations rise to 100.74 bln, up by 1.19 bln in November
EconomyMacroeconomyGreece’s new tax debt rose by 1.19 billion euros in November, a slight increase on October’s figure of 1.18 billion, data from the Independent Authority of Public Revenues’ (IAPR) has revealed. New unpaid obligations from tax categories rose by 1.14 billion, edging down against last month’s
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Trade deficit narrows by 11.5 pct in November on higher exports, slower import rise
EconomyMacroeconomyGreece’s trade deficit fell by 11.5 percent in November after rising by 20.6 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Monday. The deficit stood at 1.47 billion euros for the month. The driving factor behind the narrowing of the trade deficit was a faster pace
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Industrial production shows growth of 0.8 pct in November
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) increased by 0.8 percent in November after October’s rise was upwardly revised to 0.7 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Tuesday. In the figures for 2017, the IPI has remained steadily in positive territory. The latest figure
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Car sales rise by 16.1 pct in December, annual increase reaches 20.8 pct
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 16.1 percent in December, which is the same rate as in November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. Car sales for the month came to 8,833, the lowest for the year so far. November’s absolute figure
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CPI rises by 0.7 pct in Dec for first 12-month positive streak after four years of deflation
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 0.7 percent in December, slowing from November’s growth of 1.1 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The latest headline figure means that the prices index in 2017 completed its first full year of consistently positive
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Net job hirings balance positive by 15,315 in December
EconomyMacroeconomyThe employment balance returned to positive territory in December as hirings outpaced departures by 15,315, data from the Labour Ministry’s Ergani information system revealed on Monday. The latest positive figure comes after two straight months of a negative balance, which was largely caused
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Despite speculation, post-MoU credit line seems unlikely
EconomyProgrammeon the data provided by the four systemic lenders in the presentations of their nine-month results, it appears
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Primary cash balance falls to deficit of 877 mln in Dec, expenditure rises
EconomyMacroeconomyGreece’s central government primary cash balance landed at a deficit of 877 million euros for the full year up to December 2017, compared to a surplus of 1.95 billion euros for 2016, Bank of Greece (BoG) data revealed on Thursday. December’s figure is the first negative year-to-date balance since
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BoG sees ample capital space for banks to sell bad loans
EconomyBanking. Furthermore, as the sentiment and macro data improve, it sets positive expectations that this might
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Industrial turnover increases by 12.9 pct in November
EconomyMacroeconomyGreece’s industrial turnover grew by 12.9 percent in November after October’s figure was upwardly revised to 11.6 percent, according to Hellenic Statistical Authority (ELSTAT) data published on Friday. The headline figure is the second double-digit growth since May this year. The 12-month trailing
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